Fund Coverage and growth
Participation in the Fund Assessment up 10% in 2020
Despite the challenges posed by the Covid-19 crisis, the Infrastructure Fund Assessment grew to 75 funds completing both components – obtaining a GRESB Fund Score reflecting overall ESG performance at the portfolio level – and 118 completing the Management Component.
By region, Europe-focused funds are the largest contingent, followed by Globally Diversified.
The Assessment now covers 32% of IPE Real Assets’ Top 100 Infrastructure Investment Managers, and 38% of the Infrastructure Investor Top 50 – participating with at least one fund.
Asset Coverage and growth
Participation in the Asset Assessment grew 8% in 2020
The Infrastructure Asset Assessment increased by 8% to cover 426 assets.
Assets based in Europe still make up the largest proportion but the main growth regions were Americas (from 88 to 105) and Asia (from 11 to 21). The Assessment now covers 32 of the 33 industry sectors, and 1,354 facilities across 59 countries.
Regional Scores and GAV
Europe has the most funds and assets participating in the benchmark by value
Assets reported on six continents, with over 1,354 facilities (a 19% increase) spread across 59 countries, with coverage continuing to be dominated by OECD countries.
Europe builds upon its track record for transparency with the most funds and assets participating in the benchmark by value. Assets in Oceania, Americas and Asia scored similarly, while the European average was somewhat lower. This is likely due to the significant number of Social Infrastructure assets in Europe, which typically score lower than other sectors. Globally diversified assets scored highest on average, although the number of these is very small.
GRESB and Component Scores
Leap in scores for both Funds and Assets
The big news this year is the leap in scores for both Funds and Assets. Overall GRESB Scores and Component Scores, saw increases ranging from 10 to 15 points on average. At a fund-level, only two funds saw their scores decrease whilst thirteen managed to score the maximum 100 for the Management Component showing further improvement on last year.
In the case of Assets, for the first time in GRESB history (including Real Estate), one asset scored a maximum 100 for their overall GRESB Score. This shows that the industry is maturing in its approach to ESG and is strongly focused on improving performance.
Similarly to 2019, overall Europe has the most number of companies who scored a level of A. Relative to sample size Oceania is in the lead with with about 13% of entities scoring an A.
The dataset now covers more than 200 listed infrastructure companies and more than USD $2.5 trillion in market cap.
The data is also being used for a new GLIO/GRESB INDEX – the first specialist global listed infrastructure ESG focused index for global investors.